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20130111
20130111
Search Results 0 to 17 of about 18 (some duplicates have been removed)
hour said that. he said this is the real debt ceiling. there's always something, isn't there, david? i mean, that's the point. where do you get the best deal? equities? you see that with the inflows to mutual funds. i worry when you see that that some people call the smart money the ones that were in during the time of fear and the slower money that retail money coming in now is that a sign of the top? >> that's called distribution usually. this is because all the money in mutual funds on the sidelines, more or less, a sign of a correction, but as far as we can see without knowing anything else, all the information we have to did on right now, you know, dips meant to be bought as far as we know. >> the markets are complacent about europe. used to be just a couple months ago when whenever, one way or the other, the markets jumped, the mission has been accomplished over that. too optimistic about that? >> well, listen, last three years we started like this in january. be cautious. first quarter is good and problems in europe surface around april or may. i think it's premature because, le
that the president should simply declare the debt ceiling to be unconstitutional. is that something that he should look at? >> they have rejected that in statements from the white house, and i think they are right to reject that. lawrence tribe very serious constitutional scholars have written op-eds about this idea and concluded, i believe correctly in my reading that doing so would be probably an unconstitutional act by the president. and it is not necessary. what you want to do is win a political struggle without turning the next two years into a constitutional crisis. >> jennifer: right. it is so interesting that there are an array of options before the president so he can say i am not going to negotiate the debt celling. very interesting. ed kleinbard offering another idea which seems to have some precedence. thank you for joining us inside "the war room" again ed. really appreciate it. >> thank you, governor. >> jennifer: up next, marijuana is still illegal in this country and there are some who aim to keep it that way. that story is next right here in "the war room." ♪
to raise the debt ceiling unless you give us something back which means you cut entitlements a little bit or you do this, that, and the other thing. what do you think is likely to happen there? >> well, that is really an unprecedented situation. you know, we have had the debt ceiling raised over 70 times in the last 50 years. congress has always dutifully done its job and raised the debt ceiling under divided congresses and divide government. democrats and congress raised the debt ceiling 12 times for president reagan upon his request. what's unprecedentside that we have never seen congress try to use the debt ceiling as a tool of negotiation. that violates. >> bill: we have a frightening amount of debt now. $16.5 trillion. and i gave you the stats up top about president obama's spending more than every other president combined. so that it's a different situation than it was under ronald reagan. now, i understand that the president can't order congress to raise the debt. he can't do that by any order. buff he can ignore it it he can -- don't worry about it keep paying stuff off. is that t
. will it be the postponement or the sequestration cuts? will be the debt ceiling which might come at the very same moment? >> as they stumble around, there is an evil force that nobody seems to want to understand but the money guys. that is the markets will get tired of all the fun and games and all the funny loose talks. neil: they haven't gotten tired of it yet. >> the real point is that that kind of stuff, it can happen in two years and two months or two days, and that is when the markets headed. inflation will go up, interest rates will go up, and we won't disappear. but we won't be number one. and then they will say, who did this? and they will look around and find a jerk in their district would not cut a nickel or raise the tax and they said, you led us to this and url. that's your only hope for democracy right now. neil: we are still waiting and hoping. he met cross your fingers. i know you will. >> okay, pal, take care. [laughter] neil: you are the best. alan simpson. we will leave it at that. coming up next, the health care law. workers are feeling jerked around. one worker is here to explain ne
that we can hope for at this point. you say, that the debt ceiling itself shouldn't be something that we are negotiating over right now but right now there are some very real things that they can hold out to try to get the proposals, the republicans can. >> absolutely. let's talk about what the debt ceiling is. the debt ceiling, we're the only country on ert with a debt ceiling. there are other countries that have controls, including debt-to-gdp. debt as a percentage of the economy requirement but we're the only one that has a debt ceiling. the debt ceiling is really dealing with, you know, hows that have already been passed, apropose riegss that have already been made, ultimately what we need to do is achieve a grand bargain where we get rid of the debt ceiling. we substitute statutory budget controls and i would argue a constitutional debt as a percentage of the economy limit. >> saying you could never go beyond -- >> that's right. >> what percent would that be? >> 120% of gdp, 100%. public debt we're about 75. total debt we're over 100 already. so depends on how you want to count it.
's taking place in america right now. and we're hearing about fiscal cliff and debt ceiling and money here and there and cuts and whatnot. it is about what the republicans want to take from the lower-income americans. that is the issue. and our next guest, bernie sanders, wants action. and so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if you're in the middle class or below that. we're experiencing more income inequality now than we have during any time in a period of history since 1928. the top 1% owns 42% of the country's financial wealth. 1% of americans own 42% of the country's wealth. as for the bottom 80%, they own only 5% of the wealth. yet despite those kinds of statistics, the republicans and the big money donors who back them are aiming for more. we've heard all the rhetoric. we don't have enough revenue. well, wait a minute. we've got too much revenue going in. it's a spending problem. but we all
months and we're right back about in the soup with another debt ceiling deal. how are we ever going to get out of this conundrum if we don't at some point start paying the money we promised to pay. >> you just said something. how are we going to get out of this conundrum. according to an op-ed by mr. stephen moore, the president doesn't believe there's a problem. do you believe that the material in that op-ed is correct? do you think in your opinion that the government believes the president specifically doesn't believe we have a spending problem? >> the president does need to wake up and assess his surroundings. we are fixing to have the inauguration in a week or so. the debt will stand at a little other 16 trillion. by the time the next permit is inaugurated, the national debt will be $22 trillion. who cannot say there's a serious problem with being awash in red ink, and it threatens the fabric of our republic. >> i don't disagree. yesterday the nominee to replace timothy geithner is jack lew. keep in mind he's problem the professor and frankenstein that created the monster known
Search Results 0 to 17 of about 18 (some duplicates have been removed)

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